American Express stock well-positioned to weather Trump's credit card cap

American Express (NYSE: AXP) is slipping this morning after President Donald Trump signalled a one-year freeze on credit card interest rates – proposing a 10% cap starting January 20th.

Invezz • 16 hours ago

'Fast Money' traders react to Pres. Trump's calls for credit rate caps

The 'Fast Money' traders react to Pres. Trump's calls for credit rate caps.

CNBC Television • 10 hours ago

Big banks PANIC as Trump moves to slash credit card rates

Sen. Roger Marshall, R-Kan., joins ‘Mornings with Maria' to discuss President Donald Trump's call for a 10% credit card interest rate cap, the Federal Reserve power struggle and GOP efforts to rein in Wall Street.

Fox Business • 17 hours ago

Financial stocks fall as investors get jittery over Trump's call for one-year 10% credit card interest cap

Shares of Capital One plunged more than 7%, while Citigroup slid over 3% and JPMorgan Chase fell about 2%.

New York Post • 14 hours ago

American Express (AXP) Stock Drops Despite Market Gains: Important Facts to Note

American Express (AXP) closed at $359.59 in the latest trading session, marking a -4.27% move from the prior day.

Zacks Investment Research • 9 hours ago

Wall Street doesn't care about Trump's credit card plan, 'it is too over the top', says Jim Cramer

'Mad Money' host Jim Cramer discusses the DOJ targeting Fed Chair Powell and how it impacts markets and Pres. Trump's attempt to cap credit card interest.

CNBC Television • 8 hours ago

Why Trump's wish to cap credit card interest rates to 10% won't work

The earnings season's starting bell has rung, and bank stocks are off to the races this week with JPMorgan Chase & Co. (JPM) and the Bank of New York Mellon (BK) set to release fourth quarter earnings results on Tuesday. Additionally, President Trump's suggestion of a 10% cap on credit card fees has dragged down shares of major credit lenders on Monday.

Yahoo Finance • 13 hours ago

Credit lender stocks slide on Trump proposal to cap card interest rates

Shares of banks and credit card companies moved lower after US president Donald Trump proposed capping interest rates on cards to 10% for a year starting January 20, rekindling an idea initially put forward during his 2024 presidential campaign. The average interest rate for credit cards in the US is reportedly about 20%.

Proactive Investors • 16 hours ago

American Express Downgraded As Trump Floats Credit Card Rate Cap

American Express is downgraded from "Buy" to "Hold" as shares approach fair value ahead of Q4 earnings. AXP's strong Q3 results, robust card usage, and Platinum Card refresh support mid-teens EPS growth guidance. Valuation is now stretched, with a 21x P/E multiple and mixed technical signals suggesting limited near-term upside.

Seeking Alpha • 15 hours ago

Bank Stocks Slide After Trump's Proposed One-Year 10% Credit Card Interest Rate Cap

Trump called for the one-year cap on credit card interest rates on Friday night, but it was not immediately clear how he could enact this policy. “Please be informed that we will no longer let the American Public be ‘ripped off' by Credit Card Companies that are charging Interest Rates of 20 to 30%,” he wrote in a post on Truth Social, framing the policy as a way to address affordability—an issue likely to be front and center before the 2026 midterm elections.

Forbes • 16 hours ago